Business Pulse

Portland online learning firm Treehouse has secured a strategic investment from Charlotte, North Carolina-based Red Ventures. Terms of the investment are not being disclosed.

Red Ventures is a sales and digital marketing firm that uses a proprietary technology and data analytics to close deals for its clients, which span energy, financial services and software markets. The company has been using Treehouse’s software development courses for several years.

“Red Ventures is the perfect partner to help Treehouse deliver on its mission of being the best online technology school for students around the world,” said Treehouse CEO Ryan Carson in a written statement. “Red Ventures thrives in a fast-paced, technology-driven world, and like us, they see the value in disrupting the educational system by providing non-traditional avenues for continued learning and career development.”

Existing investors in Treehouse are The Social+Capital Partnership and Kaplan. Red Ventures will serve as an advisor to Carson.

“We believe strongly in Treehouse’s ability to bring affordable technology education to people everywhere,” said Red Ventures CEO Ric Elias in a written statement. “With more than 500,000 unfilled technology jobs across the United States, the demand for passionate, skilled and self-motivated developers and coders far outpaces our higher education system’s ability to graduate students with computer science degrees.”